Sumitomo Mitsui Trust Group Inc. Increases Holdings in Kimberly-Clark Co. (NYSE:KMB)

Sumitomo Mitsui Trust Group Inc. grew its position in Kimberly-Clark Co. (NYSE:KMB - Free Report) by 1.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 818,018 shares of the company's stock after acquiring an additional 11,937 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Kimberly-Clark worth $116,388,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Bleakley Financial Group LLC lifted its position in shares of Kimberly-Clark by 2.6% in the first quarter. Bleakley Financial Group LLC now owns 10,483 shares of the company's stock valued at $1,356,000 after buying an additional 263 shares during the last quarter. HBK Sorce Advisory LLC grew its stake in Kimberly-Clark by 7.1% in the 1st quarter. HBK Sorce Advisory LLC now owns 6,036 shares of the company's stock valued at $781,000 after buying an additional 399 shares during the last quarter. Blair William & Co. IL raised its holdings in Kimberly-Clark by 1.5% in the 1st quarter. Blair William & Co. IL now owns 129,127 shares of the company's stock valued at $16,703,000 after acquiring an additional 1,944 shares during the period. Orion Portfolio Solutions LLC lifted its position in Kimberly-Clark by 10.5% during the first quarter. Orion Portfolio Solutions LLC now owns 23,680 shares of the company's stock worth $3,063,000 after acquiring an additional 2,246 shares during the last quarter. Finally, Tocqueville Asset Management L.P. boosted its holdings in shares of Kimberly-Clark by 176.2% during the first quarter. Tocqueville Asset Management L.P. now owns 51,508 shares of the company's stock worth $6,663,000 after acquiring an additional 32,857 shares during the period. 76.29% of the stock is owned by institutional investors.

Kimberly-Clark Price Performance

KMB stock traded up $0.26 during mid-day trading on Thursday, hitting $132.45. 703,640 shares of the stock were exchanged, compared to its average volume of 2,101,272. The business has a fifty day moving average price of $140.08 and a 200 day moving average price of $139.18. Kimberly-Clark Co. has a 12 month low of $117.67 and a 12 month high of $149.30. The company has a debt-to-equity ratio of 4.77, a current ratio of 0.83 and a quick ratio of 0.55. The stock has a market capitalization of $44.17 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.78 and a beta of 0.40.

Kimberly-Clark (NYSE:KMB - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $1.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.14. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $5.06 billion. Kimberly-Clark had a return on equity of 198.59% and a net margin of 12.97%. Kimberly-Clark's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share. On average, sell-side analysts anticipate that Kimberly-Clark Co. will post 7.26 EPS for the current year.

Kimberly-Clark Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 6th will be issued a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a yield of 3.68%. Kimberly-Clark's dividend payout ratio is presently 63.29%.

Analyst Ratings Changes

KMB has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their price target on Kimberly-Clark from $146.00 to $147.00 and gave the stock a "hold" rating in a report on Tuesday, October 8th. Argus upgraded Kimberly-Clark to a "hold" rating in a research report on Friday, July 26th. Royal Bank of Canada restated an "outperform" rating and set a $165.00 price target on shares of Kimberly-Clark in a report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their price objective on shares of Kimberly-Clark from $142.00 to $140.00 and set an "underweight" rating for the company in a report on Wednesday, October 23rd. Finally, TD Cowen initiated coverage on Kimberly-Clark in a report on Tuesday, July 23rd. They set a "buy" rating and a $161.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $149.93.

Kimberly-Clark Company Profile

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.